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GSA Auctions 17-Acre Property in Menlo Park CA

GSA Auctions 17-Acre Property in Menlo Park

The U.S. General Services Administration (GSA) has announced the public sale of Rockaway Grove, a 17-acre property in Menlo Park, CA. The parcel is located at 345 Middlefield Rd., and is improved with 17 buildings ranging from 470 to 160,000 square feet.

The online auction is scheduled to start on Tuesday, June 21st at 9:00 am Pacific Time at RealEstateSales.gov, with an opening bid of $120 million. A bid registration of $750,000 is required. Inspection tour dates have been arranged for late-June and mid-July. 

The Rockaway Grove property is currently occupied by the USGS, which is in the process of moving to the NASA Ames Research Center in Mountain View, CA. The parcel was identified as one of the properties for the high-value round under the Federal Asset Sale and Transfer Act. Proceeds from the sale will be used to fund further potential sales of unneeded federal property to save taxpayer funds.

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About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
  • ◦Policy/Gov't
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